Investor Presentaiton
External Sector Remains Resilient
Supported by Adequate Reserves and Sound Balance of Payments
Balance Of Payment Remains Solid
Current Account Recorded Low Deficit
2016:
2017:
2018:
CA Deficit
CA Deficit CA Deficit
(US$17.5bn) (US$16.9bn) (US$16.2bn) (US$30.6bn)
2019:
CA Deficit
(US$30.3bn)
US$bn
20
15
10
2015:
CA Deficit
Indonesia's Balance of Payments
US$bn
160
140
134.86 120 US$bn
23
100
5
-0.28 80
283
18
13
0
60
8
-5
40
3
-10
-1.46 20
(2)
-15
(7)
Q1 Q3
Q1 Q3 Q1 Q3
Q3 Q1 Q3
Q1 Q3
Q1
Q3 Q1*
(12)
Q3**
Q1
2015
2016
2017
2018
2019*
2020*
Capital and Financial Account
2021
2022**
Current Account
2023**
Overall Balance
Source: Bank Indonesia
Trade Balance Surplus Continues
2018:
US$bn
Deficit
12
10
8
6
4 2 02
-2
-4
(US$8.65bn)
Reserve Asset (rhs)
2019:
Deficit
(US$3.24bn)
2020:
2021:
2022:
Surplus
Surplus
Surplus
(US$21.81bn) (US$33.8bn) (US$54.52bn)
Q3 2023
Surplus
(US$2.4bn)
OG
Non-OG
Total
2017
Source: BPS
2018
2019
2020
2021
2022
2023
*Preliminary Figure
** Very Preliminary Figure
2020:
CA Deficit
(US$4.4bn)
2021:
CA Surplus
US$3.5bn
2022:
2023:
CA Surplus CA Deficit
US$12.8bn (US$0.1bn)
Current Account Deficit
---སུ------
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q1
zŏ
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q2
Q4
Q2
- εδ
200
-0.25 100
10.27
(1.00)
1.46 (2.00)
-8.49
(3.00)
-4.11
(4.00)
Q4
Q1*
Q2*
Q3**
2015
2016
2017
2018
2019*
2020*
2021
2022** 2023**
Goods
Services
Primary Income
Secondary Income
Current Account (%GDP) (rhs)
Source: Bank Indonesia
Official Reserve Assets Increased to Reinforce External Sector Resilience
FX Reserves as of Nov 2023: US$138.1bn
(Equiv. to 6.1 months of imports + servicing of government debt)
Month of Import & Debt Service (RHS)
FX Reserves (LHS)
US$bn
150
140
130
120
110
100
90
4.62
80
70
-2.21
60
5
50
1 3 5 7 9
1 3 5 7 9
1 3 5 7 9 1 35 79
1 3 5 7 9
11
11
11
11
11
=
2018
2019
2020
2021
2022
Source: Bank Indonesia
Month
138.1 14
15
1 3 5 7 9
11
2023
6.1
11
10
9
LULUS87654321
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